Knowles Reports Q1 2019 Financial Results and Provides Outlook for Q2 2019
Knowles Corporation (KN)
Last knowles corporation earnings: 2/4 04:05 pm
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Source: Business Wire
Microphone Sales to Ear & IoT Markets Up More Than 25 Percent Y/Y Precision Devices Revenues Reach Record Levels for Fifth Consecutive Quarter Gross Profit Margin Improves 150 Bps Y/Y ITASCA, Ill.--(BUSINESS WIRE)-- Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic, audio processing, and precision device solutions, today announced results for the quarter ended March 31, 2019. “In the first quarter, Knowles continued to perform well against the backdrop of a weak handset market. Revenues exceeded the midpoint of our guidance range and were up from the year ago period due to strong demand for Precision Devices, higher than expected Audio sales to Chinese OEMs, and increased microphone demand for Ear and IoT applications,” said Jeffrey Niew, president and CEO of Knowles. “As we enter the second quarter, we believe stabilizing business cond
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